Angelica Ballesteros
2 min read
Forgent Power Solutions (NYSE:FPS) is one of the 10 Stocks With Easy 15-38% Gains.
Forgent Power grew its share price by 16.02 percent on Monday to end at $22.60 as investors hunted for bargains after it touched a new 52-week low on Friday, while positioning portfolios ahead of its earnings release, which management indicated would be higher than expected.
Forgent Power Solutions (NYSE:FPS) is set to announce the results of its earnings performance in the first quarter of fiscal year 2027 before market open on Thursday, November 12. It earlier said that revenues and adjusted EBITDA “will exceed the high end of its previously provided guidance ranges.”
Photo by Tima Miroshnichenko on Pexels
Management expected revenues to be in the range of $445 million to $465 million, while adjusted EBITDA was targeted at $90 million to $100 million.
For fiscal year 2027, revenues were projected to be anywhere between $2.4 billion and $2.6 billion, while adjusted EBITDA was targeted at $575 million to $625 million. Adjusted earnings per share were expected to be between $1.26 and $1.40.
Earnings aside, investors are likely to seek updates on the company’s leadership composition following the sudden resignation of Ryan Fiedler as the company’s chief finance officer last month.
Fiedler said that he was stepping down to allow more time with his family, but remained in an external consulting role. He was temporarily replaced by Amy Ard, the company’s executive vice president of Finance.
Ard has served as EVP for Finance since January this year, and is responsible for Forgent Power Solutions’ (NYSE:FPS) financial planning, reporting, treasury, and operational finance functions.
She has been part of the listed firm’s team since founding and played a central role in its initial public offering, including helping to establish the financial and governance processes required for a public company.
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